Suncor Energy (TSE:SU) Given New C$64.00 Price Target at Royal Bank of Canada

Suncor Energy (TSE:SU) (NYSE:SU) had its target price cut by Royal Bank of Canada from C$67.00 to C$64.00 in a research note released on Tuesday morning, BayStreet.CA reports.

A number of other equities research analysts have also weighed in on the stock. Desjardins boosted their target price on shares of Suncor Energy from C$56.00 to C$59.00 and gave the company a hold rating in a research note on Tuesday, July 23rd. Raymond James boosted their target price on shares of Suncor Energy from C$51.00 to C$52.00 and gave the company a market perform rating in a research note on Thursday, August 8th. Jefferies Financial Group decreased their target price on shares of Suncor Energy from C$62.00 to C$55.00 and set a hold rating for the company in a research note on Monday. Wolfe Research upgraded shares of Suncor Energy to a strong-buy rating in a research note on Thursday, July 18th. Finally, ATB Capital boosted their target price on shares of Suncor Energy from C$53.00 to C$57.50 and gave the company a sector perform rating in a research note on Wednesday, May 22nd. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of C$61.25.

Suncor Energy Price Performance

Shares of TSE SU opened at C$50.66 on Tuesday. Suncor Energy has a twelve month low of C$40.07 and a twelve month high of C$57.32. The firm has a market cap of C$64.34 billion, a P/E ratio of 8.70, a PEG ratio of 0.15 and a beta of 1.49. The company has a 50 day moving average of C$53.14 and a 200 day moving average of C$52.11. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings data on Tuesday, August 6th. The company reported C$1.27 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.06 by C$0.21. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. The company had revenue of C$13.04 billion during the quarter, compared to analyst estimates of C$11.59 billion. As a group, research analysts expect that Suncor Energy will post 4.7260019 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend is Wednesday, September 4th. Suncor Energy’s dividend payout ratio is currently 37.46%.

Insider Buying and Selling

In other Suncor Energy news, Senior Officer Kristopher Peter Smith sold 100,000 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$51.66, for a total transaction of C$5,165,900.00. In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of C$56.54, for a total value of C$2,131,558.00. Also, Senior Officer Kristopher Peter Smith sold 100,000 shares of Suncor Energy stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$51.66, for a total value of C$5,165,900.00. 0.01% of the stock is currently owned by insiders.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.